Find the doubling time of an investment earning 4% interest if interest is compounded continuously. The doubling time of an investment earning 4% interest if interest is compounded continuously is years. (Round to the nearest tenth of a year.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Find the doubling time of an investment earning 4% interest if interest is compounded
continuously.
The doubling time of an investment earning 4% interest if interest is compounded
continuously is years.
(Round to the nearest tenth of a year.)
Transcribed Image Text:Find the doubling time of an investment earning 4% interest if interest is compounded continuously. The doubling time of an investment earning 4% interest if interest is compounded continuously is years. (Round to the nearest tenth of a year.)
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